Sri Lanka has slid from its earlier ranking at 85 to the current ranking of 99 in the World Bank’s ‘Doing Business’ index which categorises the most suitable countries to do business with. In this index prepared including 189 countries, the World Bank has said that it takes around four years for judiciary to legally…
Singapore has been ranked the best country to do business for a ninth consecutive year, according to an annual survey by the World Bank. New Zealand came second and Hong Kong third in the lender’s “Doing Business” report which rates 189 nations by the ease in which firms can operate there. The UK moved up…
Colombo bourse witnessed notable returns on Wednesday where main index advanced for the fifth consecutive day. ASI index bagged 38.78 index points or 0.54% to end at 7,265.90 while S&P SL20 index gained 21.33 index points (+0.53%) to close at 4,029.43. Price inclines in counters such as Lanka IOC, Lanka Orix Leasing Company & Hatton…
It has come to light that since the prices of motorcars and vans face a reduction according to the 2015 Budget proposals, vehicle importing companies have begun discussions with the government to urge for concessions on vehicles imported under the earlier duty system and hence they are yet to reduce the prices of motorcars and…
The first ever Global Rubber Confab to take place in Sri Lanka went live in Colombo on 28 October morning with the host Sri Lanka vowing to become a ‘polymer hub’-with none other than the World Bank Washington praising the move. “By supplying both natural and synthetic rubber in parallel, there is a good possibility…
Market closed in opposite directions on Tuesday as core index gained 6.04 points or 0.08% to end at 7,227.12 while S&P SL 20 index lost 6.12 points or 0.15% to end at 4,008.10. Price improvements in counters such as Ceylon Tobacco (closed at LKR 1,150.00, +1.1%), Ceylon Cold Stores (closed at LKR 265.00, +6.3%) and…
The Finance Ministry is currently involved in a special study of the procedures to issue duty free vehicle permits to Sri Lankans working overseas and remitting valuable foreign exchange to the country as proposed through the 2015 Budget proposals as a mark of gratitude for their services. The Budget has proposed that overseas workers could…
The Colombo Stock Exchange has approved Lanka Orix Leasing Company PLC to list its debt securities. Accordingly, 50 million senior unsecured redeemable rated debentures are to be offered at an issue price of Rs. 100 each. Subscription list opens on 18 November 2014 and the registrars to the issue are SSP Corporate Services Private Limited…
Colombo stock market started weekly operations on positive note where bourse managed to maintain momentum gained on last session. Core index advanced 7.60 index points or 0.11% to close at 7,221.08 while 20-scrip S&P SL index gained 10.43 index points (+0.26%) to close at 4,014.22. Price appreciations in John Keells Holdings (closed at LKR 250.00,…
The pioneer of Sri Lanka’s ODEL chain of fashion garments and accessories retail outlets, Otara Del Gunawardene bids adieu as Executive Director and Chief Executive Officer to her creation with effect from 31 October. Currently, 93.2 per cent controlling shares of ODEL are with prominent Sri Lankan businessman Ashok Pathirage’s Softlogic Group. Recently, Softlogic Group…
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